Discounted Cash Flow (DCF) Analysis Levered
Phreesia, Inc. (PHR)
$26.26
-0.18 (-0.68%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 79.83 | 99.89 | 124.78 | 148.68 | 213.23 | 273.26 | 350.20 | 448.79 | 575.13 | 737.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -11.14 | -2.13 | 0.83 | 2.89 | -74.71 | -26.52 | -33.98 | -43.55 | -55.81 | -71.52 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -11.97 | -9.83 | -12.32 | -18.57 | -30.80 | -33.69 | -43.18 | -55.33 | -70.91 | -90.87 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -23.11 | -11.96 | -11.49 | -15.68 | -105.52 | -60.21 | -77.16 | -98.88 | -126.72 | -162.39 |
Weighted Average Cost Of Capital
| Share price | $ 26.26 |
|---|---|
| Beta | 0.924 |
| Diluted Shares Outstanding | 39.52 |
| Cost of Debt | |
| Tax Rate | -0.15 |
| After-tax Cost of Debt | 7.36% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.204 |
| Total Debt | 15.80 |
| Total Equity | 1,037.79 |
| Total Capital | 1,053.59 |
| Debt Weighting | 1.50 |
| Equity Weighting | 98.50 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 79.83 | 99.89 | 124.78 | 148.68 | 213.23 | 273.26 | 350.20 | 448.79 | 575.13 | 737.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -11.14 | -2.13 | 0.83 | 2.89 | -74.71 | -26.52 | -33.98 | -43.55 | -55.81 | -71.52 |
| Capital Expenditure | -11.97 | -9.83 | -12.32 | -18.57 | -30.80 | -33.69 | -43.18 | -55.33 | -70.91 | -90.87 |
| Free Cash Flow | -23.11 | -11.96 | -11.49 | -15.68 | -105.52 | -60.21 | -77.16 | -98.88 | -126.72 | -162.39 |
| WACC | ||||||||||
| PV LFCF | -39.65 | -47.40 | -56.65 | -67.72 | -80.95 | |||||
| SUM PV LFCF | -414.10 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.21 |
| Free cash flow (t + 1) | -165.64 |
| Terminal Value | -3,179.29 |
| Present Value of Terminal Value | -2,244.67 |
Intrinsic Value
| Enterprise Value | -2,658.78 |
|---|---|
| Net Debt | -298.01 |
| Equity Value | -2,360.77 |
| Shares Outstanding | 39.52 |
| Equity Value Per Share | -59.74 |